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Dec 6, 2012
12/12
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according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to minimize the risk to taxpayers stemming from their business and what safeguards are in place to ensure the quality and sustainability of the program. if the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health, i'm inclined to work with my col
according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing...
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Dec 5, 2012
12/12
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hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public infrastructure that will likely need to be covered by other agencies. this includes damage to harbors and channels as well as roadways which will require significant funding through army corps and the department of transportation. for rhode island, which has felt the effects of the economic downturn as much as any state and today ranks second in the nation in unemployment, recovery from the third major disaster in three years will be a significant challenge. this is a point emphasized by governor chafee who wrote to president obama abou
hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public...
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Dec 4, 2012
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also in the aftermath of super storm sandy, here is "the new york post" this morning -- below that is a story with the headline -- our coverage today will continue, a review of fema's prepared this in the aftermath of hurricane sandy. that hearing will be live on 10:00 a.m. on c-span3 this morning with the fema administrator. back to your phone calls. a democratic caller, good morning to you. caller: yes. good morning. i just have a few things to say. the government could put a freeze on a lot of things. if they puts a freeze on these things, i would give the peopl e time to spend money. also, they are talking about medicare. i don't understand why medicare has to be a big thing. i pay medicare every month. $100 comes out of my check for medicare. i am not understanding why medicare is such a big problem when we have paid into medicare. the government is not giving us anything. that is all i wanted to say. host: the front page of "the washington post" -- itss about aarp anand lobbying efforts. that is an "the washington post" today about the aarp. here is the politico story. it says h
also in the aftermath of super storm sandy, here is "the new york post" this morning -- below that is a story with the headline -- our coverage today will continue, a review of fema's prepared this in the aftermath of hurricane sandy. that hearing will be live on 10:00 a.m. on c-span3 this morning with the fema administrator. back to your phone calls. a democratic caller, good morning to you. caller: yes. good morning. i just have a few things to say. the government could put a freeze...
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Dec 6, 2012
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the senate commerce subcommittee will talk about the impact of hurricane sandy on ins -- transportation systems in the northeast including rail and port infrastructure on c-span 3 at 10:30 a.m. eastern. in about 45 minutes, we will continue to examine the so- called fiscal cliff with called fiscal cliff with armstrong
the senate commerce subcommittee will talk about the impact of hurricane sandy on ins -- transportation systems in the northeast including rail and port infrastructure on c-span 3 at 10:30 a.m. eastern. in about 45 minutes, we will continue to examine the so- called fiscal cliff with called fiscal cliff with armstrong
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Dec 5, 2012
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now to republican caller in california, sandy. caller: i just went through an experience with my mother who went from the hospital to a nursing home and was told she could not have any rehabilitation services, that she was only allowed to stay in the nursing home seven days. then we had to make arrangements with hospice. they will all the paper that seven days. and she has to pay for everything else honor own. if hospice came to her house, she will have to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke with c- span was 2003. give me about a minute and 30 seconds. host: go! caller: i think barack obama should keep doing what he is doing, hold his ground. i think it is cold hearted and evil that these rich people don't want to pay what needs to be paid to keep the country running. everybody in the capital -- what is
now to republican caller in california, sandy. caller: i just went through an experience with my mother who went from the hospital to a nursing home and was told she could not have any rehabilitation services, that she was only allowed to stay in the nursing home seven days. then we had to make arrangements with hospice. they will all the paper that seven days. and she has to pay for everything else honor own. if hospice came to her house, she will have to pay. she paid into medicare many...
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Dec 3, 2012
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think of it as the hurricane sandy or hurricane katrina of the housing market. maybe the public sector ought to say -- the economists say we should write the check for the treasury and we should go back to starting the future homebuyers at a price that is rational. the financing mechanism and the like. i think we should do that, with there are limits to how far you can do that. there are limits to what you can do with the pricing. when the private market comes in, they're going to take those and take the business away from the fha. i will celebrate that, because that is business that the private sector should do. we are waiting for it to come in order to get them into that market. >> any changes you think the fha ought to be considering? sometimes we hear about the fha crowding out private capital. do you think there is a case to be made to bring the fha loan limits down? >> no, i do not. the product -- the problem with this point for the private sector is it is not they're not all may for the 700,000 and under. it is not there for the 700,000 and over either. t
think of it as the hurricane sandy or hurricane katrina of the housing market. maybe the public sector ought to say -- the economists say we should write the check for the treasury and we should go back to starting the future homebuyers at a price that is rational. the financing mechanism and the like. i think we should do that, with there are limits to how far you can do that. there are limits to what you can do with the pricing. when the private market comes in, they're going to take those...
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Dec 4, 2012
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even though as we've seen from katrina under a republican administration, we've seen from sandy under a democratic administration, the federal government is not the best answer for getting help quickly enough to people. it was the private sector that got gassed and -- gas and water and help most quickly to people who suffered from hurricane katrina and from hurricane sandy. but a proposal to cap charitable contributions as deductions would end up killing charities and forcing people to come begging, oh, please, government, would you please give me a morsel, give me another crumb? so which ever party happens to be in power gets more power. republican or democrat. and we've got to stop that cycle of dependency. we have got to help people reach their god-given potential. and so, when you hear about fair share, you want an equal percentage tax, let's have one for warren buffett and the same rate for his secretary. let's make the income tax, the corporate tax, the capital gains tax, the gift tax, the estate tax, let's just make them all 15% across the board. i'll never have a problem with
even though as we've seen from katrina under a republican administration, we've seen from sandy under a democratic administration, the federal government is not the best answer for getting help quickly enough to people. it was the private sector that got gassed and -- gas and water and help most quickly to people who suffered from hurricane katrina and from hurricane sandy. but a proposal to cap charitable contributions as deductions would end up killing charities and forcing people to come...
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Dec 9, 2012
12/12
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weighed heavily for community development's to help new york and new jersey recover from hurricane sandy. most of the focus is on the immediate recovery, it includes $13 billion as a downpayment towards longer-term payments to protect against future disaster. the question this morning is, as the president begins on his second term, john is joining us from illinois. caller: i will distract a little bit. i hear so much talk about cutting entitlements. we never hear about over spending government waste. cutting some of the money that we need a in order to serve our country. why can we ever hear about where money is going that it should not go like research for monkey science. that is my comment. host: thank you for the call. john on the republican line. caller: i just wanted to say i think the number one priority -- the biggest thing we are seeing in the business world, small businesses are not able to borrow money to expand it. no help from the banks whatsoever. we had to go to independent leasing program. i do not understand why president obama is the president everybody thinks he is. why
weighed heavily for community development's to help new york and new jersey recover from hurricane sandy. most of the focus is on the immediate recovery, it includes $13 billion as a downpayment towards longer-term payments to protect against future disaster. the question this morning is, as the president begins on his second term, john is joining us from illinois. caller: i will distract a little bit. i hear so much talk about cutting entitlements. we never hear about over spending government...
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Dec 4, 2012
12/12
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craig fugate will testify about the response to hurricane sandy. that is at 10:00 a.m. eastern. the coalition for pasqual national security will focus on how the national security is impacted by the deficit. mike mullen will testify along with others. later, the center for strategic international studies host a forum on u.s. relations with china in light of china's leadership transition. that is at 5:30 eastern p.m.. ♪ >> this weekend on c-span 3, follow harry truman's grandson to hiroshima as the city celebrates -- remembers the dropping of the bomb. >> everybody has their own view. i do not want to argue about the history. i think we are past that. my goal and purpose for being here is to honor the dead and listen to the living. i want to do what i can add to make sure this does not happen again. >> we will discuss meetings with a bomb survivors and the inspiration for his trip. that is on c-span 3 on sunday at 9:00 eastern. >> are reported by the group -- ring america's future members of the group, a political and business leaders, are suggesting a plan of maximizing oil an
craig fugate will testify about the response to hurricane sandy. that is at 10:00 a.m. eastern. the coalition for pasqual national security will focus on how the national security is impacted by the deficit. mike mullen will testify along with others. later, the center for strategic international studies host a forum on u.s. relations with china in light of china's leadership transition. that is at 5:30 eastern p.m.. ♪ >> this weekend on c-span 3, follow harry truman's grandson to...
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Dec 6, 2012
12/12
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the white house is anticipating sending up a $60 billion supplemental request for damage related to sandy, and i think tomorrow would be that day. at least according to press reports. the gentleman may know that the fema director testified to the house yesterday that the agency can meet its need through the spring associated with the disaster. approximately $2 billion has been delivered with about $5 billion remaining in the disaster relief fund. so, again, no one is here saying we don'td --ut looking forward receiving that request and taking a look at the numbers and the need to make sure we can move forward on that as well. and lastly, mr. speaker, postal reform. you know, the gentleman and i have, yes, talked about this a lot. know that the issue has to do with the obligations of the postal service and how we can address those to create a more balanced prospect for the future, to allow for its continuance. so we are looking at that as well and the gentleman knows there's a lot of discussion, both bipartisan and bicameral, on that issue as well. and i yield back. mr. hoyer: i thank the
the white house is anticipating sending up a $60 billion supplemental request for damage related to sandy, and i think tomorrow would be that day. at least according to press reports. the gentleman may know that the fema director testified to the house yesterday that the agency can meet its need through the spring associated with the disaster. approximately $2 billion has been delivered with about $5 billion remaining in the disaster relief fund. so, again, no one is here saying we don'td --ut...
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Dec 5, 2012
12/12
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the white house is anticipating sending up a $60 billion supplemental request for damage related to sandy, and i think tomorrow would be that day. at least according to press reports. the gentleman may know that the fema director testified to the house yesterday that the agency can meet its need through the spring associated with the disaster. approximately $2 billion has been delivered with about $5 billion remaining in the disaster relief fund. so, again, no one is here saying we don't want to deliver the necessary aid to the victims because that is a priority. and -- but looking forward to receiving that request and taking a look at the numbers and the need to make sure we can move forward on that as well. and lastly, mr. speaker, postal reform. you know, the gentleman and i have, yes, talked about this a lot. know that the issue has to do with the obligations of the postal service and how we can address those to create a more balanced prospect for the future, to allow for its continuance. so we are looking at that as well and the gentleman knows there's a lot of discussion, both bipar
the white house is anticipating sending up a $60 billion supplemental request for damage related to sandy, and i think tomorrow would be that day. at least according to press reports. the gentleman may know that the fema director testified to the house yesterday that the agency can meet its need through the spring associated with the disaster. approximately $2 billion has been delivered with about $5 billion remaining in the disaster relief fund. so, again, no one is here saying we don't want...
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Dec 6, 2012
12/12
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c-span3, the impact of hurricnae ane sandy. a bipartisan group of senators spoke to reporters today about the civil war in syria and the potential use of force against the regime of bashar al-assad. >> good afternoon. i'm here with my colleagues from the senate, senator lieberman, senator gramm. -- graham. we are deeply disturbed by reports that bashar al-assad may have lionized -- weaponized some of his stores of chemical and biological agents and prepare them for use in aerial bombs. these reports also suggest that his forces are awaiting orders to use these weapons. if true, these reports may mean that the united states and our allies are facing the prospect of an eminent use of weapons of mass destruction and syria, and this may be the last warning we get. time for talking about what to do may now be coming to a close, and we may instead be left with an awful and it's very difficult decision. whether to continue on the sidelines and hope that a man who has slaughtered nearly 40,000 men, women and children in syria will deci
c-span3, the impact of hurricnae ane sandy. a bipartisan group of senators spoke to reporters today about the civil war in syria and the potential use of force against the regime of bashar al-assad. >> good afternoon. i'm here with my colleagues from the senate, senator lieberman, senator gramm. -- graham. we are deeply disturbed by reports that bashar al-assad may have lionized -- weaponized some of his stores of chemical and biological agents and prepare them for use in aerial bombs....
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Dec 7, 2012
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it had been concerns that hurricane sandy could affect the numbers however the government said it had a minimal of fact. the associated press rights hiring remains steady during the storm and in the face of looming tax increases. the government said employees -- employers added fewer jobs in october and november than initially estimated and the unemployment rate fell from 7.9% in october mostly because some people started looking for jobs. there were signs that the storm disrupted economic activity. and employment dropped 20,000 and weather prevented 369,000 people from getting to work. they were counted as employed come. apply today on c-span, james taylor talks about election reform. he will be at the national press club and that will be live at 1:00 p.m. eastern. at 7:00, virginia senator mark warner will discuss legislation that would allow more highly skilled immigrants into the u.s.. he is in a forum hosted by the university of virginia live at 7:00 p.m. eastern here on c- span. >> white the writers institute? >> i think the writers institute is very important within the culture
it had been concerns that hurricane sandy could affect the numbers however the government said it had a minimal of fact. the associated press rights hiring remains steady during the storm and in the face of looming tax increases. the government said employees -- employers added fewer jobs in october and november than initially estimated and the unemployment rate fell from 7.9% in october mostly because some people started looking for jobs. there were signs that the storm disrupted economic...
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Dec 8, 2012
12/12
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one was sandy up a center of the northeast. that through a lot of businesses offline. the other was economists thought businesses were getting freaked out by fiscal cliff situation in washington and basically would not necessarily be firing people basically putting everything on hold. they would simply not be making hiring decisions. there is other data saying that is what businesses are doing, and yet we saw a number saying all the new jobs. that indicates there is more momentum summer in the economy. host: retail is at the head of the list with 53,000 jobs. is that because of christmas? guest: they tried to take seasonal jobs out of it. that is not necessarily because of the holiday season. it does show consumers are shopping. that is one of the things you expect to come back early in a recession. those are not all full-time jobs, and they are not high- paying jobs. a lot of my be part-time jobs. it is better than having no jobs coming back. we are seeing those jobs coming back. we are seeing business service jobs, some might be temporary jobs. almost would be my cal
one was sandy up a center of the northeast. that through a lot of businesses offline. the other was economists thought businesses were getting freaked out by fiscal cliff situation in washington and basically would not necessarily be firing people basically putting everything on hold. they would simply not be making hiring decisions. there is other data saying that is what businesses are doing, and yet we saw a number saying all the new jobs. that indicates there is more momentum summer in the...
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Dec 4, 2012
12/12
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the response to hurricane sandy at 10:00 a.m. eastern. at 3:00 p.m. the coalition for fiscal and national security looks at how national security is affected by the deficit. speakers include mike mullen and the former chair of the armed services committee. later, the subject for strategic and international studies hosts of forum on the u.s. relationship with china. that is at 5:30 p.m. eastern. >> we are at the new york state museum. this is art gallery dedicated to the history of this september 11 attacks on the world trade center. it is a gallery to tell the story about the first moments of the attack using objects and photographs from the world trade center site. we put this in a place where the public can touch it. it gives a tangible experience. this is a piece of steel from the north tower. this is a dramatically damaged piece of steel. you can see the opening scene where the windows would have been. this metal strip on the front of the building. every piece marks which side of the building it is on, so we research that. it actually has shocked
the response to hurricane sandy at 10:00 a.m. eastern. at 3:00 p.m. the coalition for fiscal and national security looks at how national security is affected by the deficit. speakers include mike mullen and the former chair of the armed services committee. later, the subject for strategic and international studies hosts of forum on the u.s. relationship with china. that is at 5:30 p.m. eastern. >> we are at the new york state museum. this is art gallery dedicated to the history of this...
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Dec 6, 2012
12/12
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also, a senate commerce subcommittee on the impact of hurricane sandy and transportation systems in the northeast, on c-span 3 at 10:30 a.m. eastern. >> we have had these explosions of knowledge in medicine but we have not coordinated care. all of these have some in the cracks that they are as harmful as the disease is treated. you have to ask, are we hurting people overall on a global level that's what are we doing sometimes? now we have got the report saying 30% of everything we do may not be necessary in health care. when we step back, 30% of all the medications we prescribe, the procedures, this is something i think which is, for the first time, really being called out as a problem. >> the function -- dysfunction. the latest is, unaccountable, saturday night at 10:00 eastern on c-span two. >> members of congress from both parties said today negotiators should be able to reach an agreement to avoid the fiscal cliff at the end of the year. a forum was hosted that included house budget committee ranking member chris, and also a virginia democrat and a republican from tennessee. this is
also, a senate commerce subcommittee on the impact of hurricane sandy and transportation systems in the northeast, on c-span 3 at 10:30 a.m. eastern. >> we have had these explosions of knowledge in medicine but we have not coordinated care. all of these have some in the cracks that they are as harmful as the disease is treated. you have to ask, are we hurting people overall on a global level that's what are we doing sometimes? now we have got the report saying 30% of everything we do may...